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Just checked the crypto Fear and Greed Index data and it's sitting at 17 right now - that's extreme fear territory. It ticked up 3 points from yesterday, but honestly the bigger picture is pretty grim. The 7-day average is holding at 15, and over the last month we're averaging around 13.
When the data gets this low, it usually means everyone's scared out of their minds. I've been tracking this metric for a while and these levels don't last too long - something typically shifts. The crypto market tends to move when sentiment gets this extreme in either direction.
Worth keeping an eye on where this goes. These fear and greed readings can be useful for spotting potential turning points.